The January MMI Report: Prices Rise as Industry Awaits Trump’s 232 Decision

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It’s that time — our latest Monthly Metals Index (MMI) report is in, covering the final month of 2017.

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So, before we move onto 2018 for good, let’s take one last look at our newest MMI report and recap some of the highlights:

    • Our January MMI saw seven of 10 sub-indexes move upward, with two holding flat and one dropping (the Construction MMI fell by one point).
    • The biggest winner of the month was the Stainless Steel MMI, which rose 9.2%. Skyrocketing LME nickel prices backed the jump. After hovering around $10,600/metric ton in October, nickel jumped near $13,000/mt last month, and continued to climb in the early days of 2018.
    • The Copper and Aluminum MMIs also went up, by 3.5% and 3.2%, respectively.
    • In the Global Precious MMI, palladium continues to outperform platinum, continuing a run that has bucked historical trends vis-a-vis the two platinum-group metals.
    • The GOES MMI also had a good month, picking up seven points via a 3.8% increase. GOES typically does not follow the price patterns of other forms of steel, but it did this past month.

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You can read about all of the aforementioned — and much more — by downloading the January MMI report below.

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